Value Add Self Storage Facility

Industrial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30804387
Property Subtypes: Manufacturing, Light Industrial, Research & Development, Self Storage, Warehouse/Distribution
Building Size (RSF): 107,600 SF
Gross Land Area: 6.20 Acres
Sale Price: $6,500,000
Unit Price: $60.41 PSF
Docks/Doors: 6 Docks, 2 Doors
Office SF: 3,500 SF
Drive In Bays: 2 Bays
Property Use Type: Investment
Building Name: Bow Tie Self Storage
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 72
Last Updated: 6/29/2022

Overview / Comments

Column Realty is pleased to present Bow Tie Storage, a Value Add Self Storage Facility, located in the center of Louisville, KY. Opened in January 2020, Bow Tie Storage represents an outstanding self storage redevelopment of a large industrial building. The facility includes an impressive 107,000 GROSS Square Feet that features a combination of climate-controlled self storage along with warehouse & distribution space. This Value-Add opportunity also includes a large RV Lot as well as an additional vacant 1.5 Acres. Current ownership redeveloped the facility with outstanding features including Janus Doors & Hallways.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Jefferson County
Tax ID/APN: 214800170000
Zoning: CM - Commercial Manufacturing
Property Located Between: Hikes Lane and Champions Trace Lane
Highway Access: I-264
Airports: Louisville International Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 53,800 SF
Property Condition: Good
Year Built: 1986
Year Renovated: 2019
Roof Type: Flat
Construction/Siding: Concrete - Tilt up
Parking Type: Surface
Total Parking Spaces: 85
Column Spacing: 22
Freight Elevators: 1
Sprinklers: Dry
Heat Type: Electricity
Heat Source: Central, Wall Units
Air Conditioning: Package Unit
Lighting: LED, Fluorescent
Internet Access: DSL
Zoning Description: CM Zoning
In Flood Plain?: Yes
Lot Frontage: 387
Lot Depth: 265
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,265 113,453 304,968
Median Age: 38.79 38.39 38.11
Households: 4,716 49,514 134,134

Contact

Photograph of Listing Agent

Aaron J Willis

Column Realty KCREA Member
Photograph of Listing Agent

Michael Helline

Column Realty KCREA Member
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